The play-to-earn (P2E) model comprises more than fun and games. It is also an opportunity to train artificial intelligence (AI) data. The world is raising excitement for AI, enhancing demand for associated training datasets. With excellent training data, most of these models learn quickly, in turn, always making accurate decisions.
The only catch is that good data is hard to get, with the big tech firms hoarding all information that they collect. Eventually, data becomes highly expensive to buy, limiting the total number of projects that can benefit from the use of artificial intelligence use cases.
Synesis One emerged as a viable solution for the growing data concerns, taking an original stand on artificial intelligence training. The firm lets users create datasets that can be used for AI, pegging each of them to a nonfungible token (NFT). As an NFT, data is decentralized and money is made readily available to AI projects.
Moreover, the users that own the data can be well rewarded for their contributions as the projects use the created sets. Also developing the AI data use case, the platform has now positioned itself as the first DAO in the world for play-to-earn (P2E) data yield farming and NFT marketplace on Solana (SOL).
The team continues to push the concept forward, and most recently it engaged in a landmark deal that can establish AI data as a use case play-to-earn (P2E) gaming. By working together with Mind AI and Yield Guild Games (YGG), Synesis One says that 10% of all the recorded revenue is shared with the players. Mind AI is a company that uses natural language reasoning to create conversational AI systems.
Unleashing The Power Of P2E
Revenue from Mind AI can be generated by offering AI customer service and web integration to corporate clients. The SaaS model that is being used currently is what generates revenue, as the corporate clients pay Mind AI some recurring fee each time their software accesses Mind AI’s engine.
Today, the team boasts the biggest client as being Villa Market, an international and specialty grocery provider that is based in Thailand. Currently, Villa Market operates 34 branch locations and produces nearly $300 million in annual revenue. The client is one among many proposed clients, with 30 more claimed to be added to Mind AI in 2022.
The numbers show massive promise for earnings as a huge return for the partner means more rewards for platform users. What Synesis One hopes to achieve is a secondary partnership with Yield Guild Games (YGG), which is a decentralized play-to-earn gaming guild that has region-specific subDAOs.
YGG was launched in late 2020 by Beryl Li, Gabby Dizon, and Owl of Moistness and has invested in more than 25 NFT games, with at least 16,000 Axie Infinity scholars. Currently, Axie Infinity averages two million players daily, with more than $343 million earned in fee revenue since its founding. With a major history, partnering with Synesis One enables the games to earn the SNS tokens that can later be redeemed for nonfungible tokens (NFTs), traded for fiat, or held for the long term.
In reflection on that partnership, the co-founder of Synesis One, Paul Lee, said:
“This revolutionary partnership unleashes the power of P2E games to train AI data. This levels the playing field for data collection with Big Tech and their AI systems. This has never been done before, and we are thrilled to work with our partners to grow our ecosystem and to develop digital wealth creation opportunities for our guild gamers.”
The support for this project’s vision is also clear via the $9.5 million raised from top-tier investors like MetaCartel VC, Alex Alexandrov, founder of CoinPayments, Kinetic Capital, Shima Capital, GBIC, NGC Ventures, Culture Capital, LD Capital, Trent McConaghy, co-founder of OCEAN Protocol, and Pisit Poosanakhom, founder of Villa Market.
A Future World For NFT Gaming
The developers continue their progress by releasing several NFT-based games and data-yield farming applications. They share that the games and applications will get released soon, leading the series with the first NFT graphic novel game in the world, called Quantum Noesis. Other significant releases include the Aquarius NFT collection via Kanon Exchange, which is the platform’s marketplace.
